Second Pancake Thinking

After the triangular structure of the second pancake was broken through, although a new high was achieved, the closing price did not truly hold firm above the 2456 resistance level. After rallying, instead it showed a bearish engulfing pattern, and it also formed an isolated high point. Both of these signals indicate that on the hourly level there is a need for a short-term pullback.
For the next step to continue the rebound, it is necessary to break through this isolated high point and firmly stand above 2456, so as to have the chance to push for a new high again; otherwise, it will most likely retrace to 2379 and to the upper boundary of the triangle. Many people are waiting for a pullback to take entries; but when the price really reaches the support level, they may end up being afraid to enter instead.

Trading Suggestions:
1. Break through 2430 with increased volume; chase a long on the right side; stop loss on a breakdown.

2. Break down below 2400 with increased volume; chase a short on the right side; strictly set a stop loss.

3. Pull back to support at 2369, stabilize, and consider going long; stop loss if it drops below 2334.

4. On the hourly level, once it holds above 2430, the upward target is 2461-2553.

5. When it reaches 2553 on the upside, you can consider shorting; stop loss if it breaks through 2602.

6. Left-side pending orders: buy at 2305; stop loss if it drops below 2272.

If on the 4-hour level it falls below 2386, look for 2345-2309 to the downside.